Results 121 to 130 of about 21,399,022 (251)
Anchoring of inflation expectations and the role of monetary policy and cost‐push factors
Abstract This paper studies the anchoring of inflation expectations at the individual forecaster level. It proposes a novel measure of anchoring based on both point and density forecasts, and uses data from the European Central Bank Survey of Professional Forecasters to examine its co‐movement with expectations about monetary policy and key cost‐push ...
Robert L. Czudaj
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The Real Exchange Misalignment and Structural Change: Examining the Development Channel
ABSTRACT This paper examines the relationship between real exchange rate (RER) misalignment and structural change—the reallocation of labor from low‐ to high‐productivity sectors—recognized as a key mechanism of economic development and growth. Using industry‐level data from multiple sources covering up to 153 countries over 1970–2017, and employing ...
Salimeh Abedini Birang, Firat Demir
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Inflation dynamics and the New Keynesian Phillips curve in EU-4 [PDF]
The paper seeks to shed light on inflation dynamics of four new EU member states (the Czech Republic, Hungary, Poland and Slovakia). To this end, the New Keynesian Phillips curve augmented for open economies is estimated and additional statistical tests ...
Borek Vasicek
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This study examines the effects of adjustment costs on investment and the under-utilization of maximum installed capacity within the South Korea using a New Keynesian business cycle with Bayesian approach.
Al Mamun Tuhin G M, Ehsanullah
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This paper examines the coherence, or lack thereof, among the three major strands of post-Keynesian economics. Most claims of incoherence pertain to the Sraffian strand in relation to the Fundamentalist and Kaleckian strands.
Marc Lavoie
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South Africa's Inflation: Monetary or Fiscal
ABSTRACT Conventional macroeconomics has viewed inflation as a monetary phenomenon through the quantity theory of money. Ever‐increasing sovereign debt globally has caused concern amongst economists. These concerns follow not from the ability of governments to repay their debt, but rather the impact of sizeable debt portfolios on price levels.
Guangling Liu, Christopher D. Solomon
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A multimarket approach to estimate a New Keynesian Phillips Curve [PDF]
We propose a new approach to estimate and "hybrid" New Keynesian Phillips Curve (NKPC) that includes demand pressures coming from disequilibrium relations in three different markets: (1) the monetary and financial, (2) the international, and (3) the ...
Ivan Araya +2 more
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Landlords and Tenants: A Class‐Theoretical Approach to the Relations of Social Reproduction
ABSTRACT Current understandings of landlords and tenants are primarily based on individual attributes each group possesses, usually conceptualized as binary divisions or gradational distinctions. In this paper, we offer an alternative: a relational, class‐based concept of housing market actors.
Danielle Kerrigan, David Wachsmuth
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Romer, David. ''The New Keynesian Sinthesis", Journal<br />ofEconomic Perspectives, v. 7, n. 1, invierno de 1993, 7-22. / Tobin James. "Price Flexibility and Output Stability: An Old<br />Keynesian View", joumal 0f Economic Perspectives, v. 7,
Cuadernos de Economía Revista
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Hyperinflation and High Inflation in Venezuela: Monetary or Exchange Rate Origin?
ABSTRACT From 2018 to 2021, Venezuela experienced a period of intense hyperinflation. There are two hypotheses regarding the origin of such hyperinflation. The monetarist hypothesis attributes hyperinflation to excessive growth in the money supply, typically resulting from public deficits. Alternatively, the structuralist balance of payments hypothesis
Pedro Atienza Montero
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